3 months ago 1 min read

BitMEX Launches ARB Futures


BitMEX, a cryptocurrency trading platform, has announced the launch of a new Arbitrum futures contract. The Arbitrum ARBUSDTM23 contract, with a current price of $1,770, is now available for trading on the BitMEX platform.

Arbitrum is an Ethereum Layer 2 scaling solution that offers faster and cheaper transactions with minimum network congestion. Optimistic Rollups, a unique scaling strategy used by the Arbitrum network, allowing for faster and cheaper transactions by grouping transactions into a single batch.

The introduction of the new futures contract is considered as a positive move for the Arbitrum network, as it will provide traders with another instrument for hedging positions and managing risk. The contract will also assist to enhance liquidity on the Arbitrum network, allowing traders to purchase and sell assets on the platform more easily. BitMEX CEO Arthur Hayes stated:

"We are very thrilled to introduce the Arbitrum ARBUSDTM23 futures contract on our platform. We anticipate that this additional deal will give our users with even more opportunity to profit from the expanding demand for this interesting technology."

The Arbitrum ARBUSDTM23 futures contract is being launched at a time when the cryptocurrency market is seeing increased optimistic enthusiasm, with Bitcoin and other prominent cryptocurrencies reaching fresh all-time highs. The new contract is likely to pique the interest of traders and investors wanting to profit from current market conditions.

BitMEX is one of the world's largest cryptocurrency trading platforms, with a reputation for offering its users with rapid and dependable trading services. The platform, which is recognized for its high leverage and low costs, offers a wide range of trading products, including futures, options, and perpetual contracts.

The Arbitrum ARBUSDTM23 futures contract is a welcome addition to the Arbitrum network and the cryptocurrency market as a whole. The new contract will give traders another option for risk management and hedging their holdings, while also enhancing liquidity on the Arbitrum network. With the market now optimistic, the new contract is anticipated to pique the interest of traders and investors wanting to capitalize on the surging demand for cryptocurrencies.

Great! You’ve successfully signed up.
Welcome back! You've successfully signed in.
You've successfully subscribed to Coin Aquarium.
Your link has expired.
Success! Check your email for magic link to sign-in.
Success! Your billing info has been updated.
Your billing was not updated.